MSC Malaysia status is the recognition awarded by the Government of Malaysia through the Multimedia Development Corporation (MDeC) to companies that participate and undertake IT activities in the MSC Malaysia. Companies with MSC Malaysia status enjoy a set of incentives and benefits that is backed by the Government of Malaysia’s Bill of Guarantees (BOGs). Any local and foreign Companies that develop or use multimedia technologies to produce and enhance their product and services and or process development are eligible to apply the MSC Malaysia status.

Since its implementation in 1996 and its subsequent roll-out to Penang in 2005, the MSC Malaysia is host to a thriving and vibrant ICT hub with home grown as well as foreign-owned companies and multinational, focused on multimedia and communication products, solutions, services and research & development.

Penang is the first state in Malaysia to be awarded the MSC Malaysia Cybercity status. Officially known as the Penang Cybercity (PCC) it provides a hi-tech growth platform for industries and businesses.

The PCC1 provides an ideal growth environment for ICT companies to locate and develop new technologies, products and services. With its excellent infrastructural facilities, the PCC1 is most suited as a global test bed for ICT application and a hub for regional operations.

The Multimedia Development Corporation (MDeC) is the federal one-stop agency that manages and regulates MSC Malaysia. (www.mscmalaysia.my). As MDeC’s state partner and Cybercity Manager for MSC Malaysia initiatives in Penang, investPenang offers facilitation and coordination services to companies intending to apply for MSC Malaysia Status and setting up business in the Penang Cybercity.

The grant of MSC Malaysia Status entitles qualified entities to a set of incentives, rights and privileges from the Government of Malaysia (Government), namely the MSC Malaysia Bill of Guarantees (BoGs). The MSC Malaysia’s 10 BOGs are as follows:-

To provide a world-class physical and information infrastructure

To allow unrestricted employment of local and foreign knowledge workers

To ensure freedom of ownership by exempting companies with MSC Malaysia Status from local ownership requirements

To give the freedom to source capital globally for MSC Malaysia infrastructure, and the right to borrow funds globally

To provide competitive financial incentives, including Pioneer Status (100 percent tax exemption) for up to ten years on an Investment Tax Allowance for up to five years and no duties on the importation of multimedia equipment

To become a regional leader in Intellectual Property Protection and Cyberlaws

To ensure no censorship of the Internet

To provide globally competitive telecommunications tariffs

To tender key MSC Malaysia Infrastructure contracts to leading companies willing to use MSC Malaysia as their regional hub

To provide a high-powered implementation agency to act as an effective one-stop super shop.

This Website is owned and operated by Invest-In-Penang Berhad, a company registered in Malaysia (Company No 671697-P) whose principal place of business is at PSDC Building, 1, Jalan Sultan Azlan Shah, Bayan Lepas, 11900 Penang, Malaysia. Visitors to this Website are bound by the following terms and conditions so please read these carefully before proceeding any further. For the purposes of this Website and any link provided therein, any references to investPenang shall mean Invest-In-Penang Berhad.